The S&P BSE Sensex reclaimed the 50,000-mark in the opening deals while the Nifty 50 reclaimed 15,000-levels. At 9:29 am, the Sensex was up 640.42 points (1.29 per cent) at 50,221.15, while the Nifty was trading at 15,116.15, up by 193.00 points (1.29 per cent).
The benchmark equity indices on the BSE and National Stock Exchange (NSE) opened around 1 per cent higher on Tuesday as sentiment was high amid a drop in fresh coronavirus (Covid-19) cases in the country and positive cues in the global market.
The S&P BSE Sensex reclaimed the 50,000-mark in the opening deals while the Nifty 50 reclaimed 15,000-levels. At 9:29 am, the Sensex was up 640.42 points (1.29 per cent) at 50,221.15, while the Nifty was trading at 15,116.15, up by 193.00 points (1.29 per cent).
India reported 2.63 lakh cases on Monday and it saw its active cases drop by about 1.65 lakh on Monday, the biggest drop ever. There are now 33.52 lakh active cases in the country. This is the second consecutive day when the fresh cases reported were below the 3 lakh mark. Click here to follow Covid-19 LIVE Updates
HDFC Bank, ICICI Bank, Reliance Industries (RIL), Bajaj Finance and Housing Development Finance Corporation (HDFC) were among the top contributors to the Sensex in early trade.
Among sectors, the key Bank Nifty was trading over 1.5 per cent in the early trade led by gains in the shares of The Federal Bank, IndusInd Bank and Bandhan Bank. The Nifty Financial Services index too was up around 1.5 per cent led by Bajaj Finance, Shriram Transport Finance Company and Muthoot Finance. Apart from these, Nifty Metal index was trading over 2.5 per cent higher aided by Hindustan Zinc, Hindalco Industries and Tata Steel.
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